Legal Opinion
Leonard Farms v. Carlsbad Riverside Terrace Apartments, Inc.
New Mexico Supreme Court
Decided May 17, 1974No. 9852PublishedCited by 7 opinions
1Opinion of the Court
OPINION
McMANUS, Chief Justice.
On May 9, 1972, the District Court of Luna County issued its order directing the court clerk of the county to execute a release of a mortgage to Investor Properties, Inc., appellee, and in the same order denied appellant’s (Leonard Farms) request for an accounting. From this order this appeal follows.
To set the stage, appellant sold to Carlsbad Riverside Terrace Apartments, Inc. (Carlsbad) certain farms for $590,000.00. The payment of the purchase price was to be represented by an assumption of a debt evidenced by a note and a mortgage of $342,320.00 owed by…
2Cases cited2 opinions
- Keel v. VinyardIdaho Supreme Court · 1929
- Equity Mortgage Corp. v. LoftusDistrict Court, E.D. Virginia · 1970
3Cited by7 opinions
- Kelly Inn No. 102, Inc. v. KapnisonNew Mexico Supreme Court · 1992
- Western Bank of Las Cruces v. MaloolyNew Mexico Court of Appeals · 1995
- Farms v. Carlsbad Riverside Terrace Apartments, Inc.New Mexico Supreme Court · 1977
- Farms v. Carlsbad Riverside Terrace Apartments, Inc.New Mexico Court of Appeals · 1984
- Mortgage Electronic Registration System, Inc. v. MontoyaNew Mexico Court of Appeals · 2008
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